Buyer beware:

Dec 20 (Fines announced): Citigroup $400 mil; Merrill Lynch $200 mill (total); CSFB $200 mil; Morgan Stanley $125 mil; Goldman Sachs $110 mil; Deutsche Bank, Lehman Bros., Bear Stearns, J.P. Morgan Chase, UBS $80 mil each.

Jack Grubman: $15 mil and lifetime ban from securities industry.





posted by Quiddity at 12/20/2002 04:48:00 PM